Debt-to-income ratio
Debt-to-income ratio
Debt-to-income ratio, or DTI, is the quotient of a borrower's minimum debt payments divided by that borrower's gross income for the same time period. DTI is used by lenders as one factor in the evaluation of risk associated with a debt request. From the lender's perspective, a higher ratio indicates greater risk.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed |
5.03 |
| 15 yr fixed |
4.58 |
| 5/1 ARM | 3.99 |
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